Summary:
1. CarMax buys damaged cars: CarMax buys all types of cars, including badly damaged vehicles, which they will sell at auction.
2. CarMax fixes up cars before selling: When CarMax buys a used car, it either goes to the auction lot or gets reconditioned at their production facilities for sale to customers.
3. CarMax buys cars with engine problems: CarMax purchases cars with engine trouble, transmission trouble, blown head gaskets, bad clutches, and more.
4. CarMax does not sell flooded cars: CarMax does not sell flood-damaged vehicles and ensures that their nationwide team knows how to spot them.
5. CarMax pays you the same day: CarMax provides payment in hand the same day you sell them your car, typically through a bank draft.
6. Frame damage on a car: Frame damage refers to any damage to the vehicle’s structural integrity caused by collisions or disrepair.
7. CarMax gives you a draft: CarMax issues you a draft that resembles a check, which can be deposited but not cashed immediately.
8. CarMax appraises your car: CarMax offers a seven-day period during which you can decide to sell your car to them.
Questions:
1. Does CarMax buy cars that are damaged?
Answer: Yes, CarMax buys all types of cars, including badly damaged vehicles, which they sell at auction.
2. Does CarMax fix up cars before selling?
Answer: Yes, when CarMax buys a used car, it either goes to the auction lot or gets reconditioned at their production facilities for sale to customers.
3. Does CarMax buy cars with engine problems?
Answer: Yes, CarMax purchases cars with various engine problems, as well as transmission trouble, blown head gaskets, bad clutches, and more.
4. Does CarMax sell cars that have been flooded?
Answer: No, CarMax does not sell flood-damaged vehicles. They have a nationwide team that knows how to identify and avoid such vehicles.
5. How quickly does CarMax pay you? How do I get paid for my car?
Answer: CarMax provides payment on the same day you sell them your car. They usually pay through a bank draft, which cannot be cashed but can be deposited.
6. What is considered frame damage on a car? What is frame damage?
Answer: Frame damage refers to any damage to the parts of the car intended to support its structural integrity. It is typically caused by collisions or disrepair.
7. What kind of check does CarMax give you?
Answer: CarMax gives you a draft that resembles a check. This draft is for deposit only and can be cashed at Bank of America after several days.
8. How does CarMax appraise your car?
Answer: CarMax offers a seven-day period during which you can decide to sell them your car. They will appraise your car during this time and provide an offer.
Does CarMax buy cars that are damaged
CarMax will even buy cars that they don't expect to sell, such as badly damaged vehicles, that they will sell to auction. There are exceptions to the vehicles that CarMax will buy. The retailer will not buy a salvage vehicle. It will also not buy one with frame damage or flood damage.
Does CarMax fix up cars before selling
When CarMax buys a used car, it can go one of two places: the auction lot (to be sold to private dealers) or straight to vehicle reconditioning at more than 105 production facilities to get ready for sale to CarMax customers.
Does CarMax buy cars with engine problems
The short answer to this question is yes, they do. CarMax buys cars in all types of shape. They buy cars with transmission trouble, engine trouble, blown head gaskets, bad clutches and more. CarMax will buy almost any vehicle.
Cached
Does CarMax sell cars that have been flooded
CarMax does not sell flood-damaged vehicles, but we do see these vehicles in the marketplace. We've bought and sold more than 8 million cars over the years, so our nationwide team knows what to watch out for. You can see a free vehicle history report on every car on carmax.com®.
How quickly does CarMax pay you
How do I get paid for my car You will leave with payment in hand the same day you sell us your car. We pay with a bank draft, which is a type of check where payment is guaranteed to be available by the issuing bank. A bank draft must be deposited and cannot be cashed.
What is considered frame damage on a car
What is frame damage The term “frame damage” can refer to any damage to parts of the vehicle intended to support the vehicle's structural integrity. This damage is typically caused by outside forces, such as collisions or disrepair.
What kind of check does CarMax give you
draft
Our checks are cashable at your nearest Bank of America location. Other buyers, like CarMax, issue you a “draft”—which resembles a check, but it is not cashable. Their drafts are for deposit only and will not process for several days. We don't pay with float-filled funny-money like our competitors do.
How does CarMax appraise your car
It's just that easy. You can decide to sell us your car within that seven day period or you can use that time to weigh other offers.
How much can you get for a car with a blown engine
The value of a vehicle with engine problems depends on numerous factors including the year, make, model, mileage, condition, location, and more. If your engine blows up on you and you want to sell it, we can pay anywhere from $500 to $10,000 or more depending on what kind of car you have.
Will a dealership buy a car with a blown engine
Dealerships will allow you to trade-in your car with its blown engine. They specialize in vehicles that are roadworthy and ready to be sold. An engineless car isn't their first choice, so they are likely to give you an extremely low offer.
Does CarMax check for flood damage
Visit AutoCheck or Carfax in order to know whether a flood claim has been has been filed on a vehicle, or whether a salvage title has been issued. Every CarMax car you find online links to a free background check of that car's history—including any accidents or frame damage.
Does Carfax show if a car has been flooded
Once again, obtaining a Carfax vehicle history report goes a long way in confirming that the car you are purchasing is clear of flood damage. Inspecting the car's title can also help. Check for a stamp that reads “flood” or “Salvage.”
Why did CarMax send me a check
If you make a final payment that exceeds your total amount due we will mail you a refund check.
Will CarMax buy my car with a dent
"Minor imperfections have little impact on our appraisal offer, but major defects like frame or flood damage do," says Tom Marcey, CarMax's vice president of regional merchandising. Once one of our appraisal team has looked at your car, they'll let you know what your car is worth and will make an offer.
Is it OK to buy a car with structural damage
Though damaged sections of a unibody frame can be replaced, driving a vehicle that's undergone structural damage should be considered a safety risk. What's more, the underlying damage can cause additional mechanical problems later on.
Does CarMax give you a check immediately
How do I get paid for my car You will leave with payment in hand the same day you sell us your car. We pay with a bank draft, which is a type of check where payment is guaranteed to be available by the issuing bank. A bank draft must be deposited and cannot be cashed.
Does CarMax cut you a check on the spot
Once we've made an offer on your vehicle and you've accepted it (and you've brought your paperwork, IDs, keys, and remote fobs with you), we can issue you a bank draft on the spot. If you're interested in selling your car to CarMax, click here.
Does CarMax give fair value
Q: Does CarMax buy cars for a fair price A: Our appraisal team takes into consideration a wide range of factors, including market trends, to make sure we give you the fairest price possible. If you need to think about the offer, that's fine.
Will anyone buy a car with a blown engine
A car with a blown engine is often worth more than you might think! The scrap metal alone can garner a pretty penny. When you try to sell a car with a blown engine, you will often find buyers. That's because they know they can make money from the many parts of your vehicle.
How do I sell my car with a broken engine
How to sell a car that needs workBe honest. While you may receive less money for a vehicle with mechanical problems, building trust with potential buyers helps smooth out the selling process.Consider trading it in.Sell to hobbyists and mechanics.Sell to a scrapyard.
How much is a car worth with a blown engine
The value of a vehicle with engine problems depends on numerous factors including the year, make, model, mileage, condition, location, and more. If your engine blows up on you and you want to sell it, we can pay anywhere from $500 to $10,000 or more depending on what kind of car you have.
What happens if my engine is blown but I still owe money
You can trade in your blown up car at the dealership if you're nearly finished paying off your existing loan. The dealer will assess your vehicle, and if they see that they can revive the car at a lower cost, they can give you a good deal.
Should you ever buy a flood damaged car
In most cases, buying a car with water damage is a bad idea. Water causes problems with electronics, brakes, suspension, the engine and interior components like seats and floor coverings. You can spot a flood-damaged car by looking for telltale signs that the vehicle has been underwater to some level.
What kind of damage shows up on Carfax
It could include damage of all severities. The damage could be from incidents such as backing into a pole, having a tree limb fall on the car or other events. When considering a damage report, it's important to remember that minor damage may be only cosmetic; it may be noted that way in the Carfax report.
How does Carfax know about damage
ACCIDENT DAMAGE
In most cases, accidents are reported to Carfax through police reports. It does not matter the severity. Anytime the event is reported, it will appear on the vehicle history report.
